Author Question: The sum of the product of each value of a discrete random variable X and its probability is referred ... (Read 37 times)

go.lag · **on:** Jun 24, 2018

The sum of the product of each value of a discrete random variable X and its probability is referred to as its:

A) probability distribution.
B) expected value.
C) variance.
D) standard deviation.

Question 2

If the firm interviewed was expecting medium or high growth, what is the probability of the firm being located in the West?

A) 0.16
B) 0.31
C) 0.46
D) 0.27